SADC: Woven Carpet Market 2024

Woven Carpet Market Size in SADC

The SADC woven carpet market plummeted to $X in 2022, with a decrease of -23.3% against the previous year. Overall, consumption continues to indicate a mild curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Woven Carpet Production in SADC

In value terms, woven carpet production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, showed a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 59%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Woven Carpet Exports

Exports in SADC

In 2022, the amount of woven carpets and other woven textile coverings exported in SADC shrank significantly to X square meters, falling by -34.8% on 2021. In general, exports saw a perceptible curtailment. The pace of growth was the most pronounced in 2014 with an increase of 26% against the previous year. The volume of export peaked at X square meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, woven carpet exports declined notably to $X in 2022. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 33% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, resulting at X square meters, which was near 96% of total exports in 2022. Swaziland (X square meters) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of -3.6% from 2012 to 2022. At the same time, Swaziland (+7.6%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing exporter exported in SADC, with a CAGR of +7.6% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest woven carpet supplier in SADC, comprising 96% of total exports. The second position in the ranking was taken by Swaziland ($X), with a 2.4% share of total exports.

In South Africa, woven carpet exports shrank by an average annual rate of -5.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per square meter, dropping by -13.1% against the previous year. Over the period under review, the export price showed a pronounced setback. The growth pace was the most rapid in 2019 when the export price increased by 28%. The level of export peaked at $X per square meter in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Swaziland ($X per square meter), while South Africa amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-2.1%).

Woven Carpet Imports

Imports in SADC

In 2022, purchases abroad of woven carpets and other woven textile coverings decreased by -35.9% to X square meters, falling for the third consecutive year after three years of growth. Overall, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2013 with an increase of 20%. Over the period under review, imports hit record highs at X square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, woven carpet imports dropped notably to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 39%. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

In 2022, South Africa (X square meters) represented the major importer of woven carpets and other woven textile coverings, constituting 73% of total imports. It was distantly followed by Angola (X square meters), comprising a 10% share of total imports. Democratic Republic of the Congo (X square meters), Mauritius (X square meters), Tanzania (X square meters), Botswana (X square meters) and Namibia (X square meters) followed a long way behind the leaders.

Imports into South Africa decreased at an average annual rate of -5.2% from 2012 to 2022. At the same time, Botswana (+18.9%), Democratic Republic of the Congo (+11.1%), Angola (+10.7%), Mauritius (+9.1%), Tanzania (+8.3%) and Namibia (+5.9%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in SADC, with a CAGR of +18.9% from 2012-2022. From 2012 to 2022, the share of Angola, Democratic Republic of the Congo, Mauritius and Botswana increased by +7.7, +2.3, +2 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported woven carpets and other woven textile coverings in SADC, comprising 65% of total imports. The second position in the ranking was taken by Angola ($X), with a 10% share of total imports. It was followed by Democratic Republic of the Congo, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to -2.1%. The remaining importing countries recorded the following average annual rates of imports growth: Angola (+4.2% per year) and Democratic Republic of the Congo (+10.0% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per square meter, increasing by 15% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, woven carpet import price increased by +69.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 47% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Namibia ($X per square meter), while South Africa ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform